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Registered number: 07401672
AKADEMI FINANCIAL SERVICES LTD
Unaudited Financial Statements
For The Year Ended 31 October 2025
AKADEMI ACCOUNTANCY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07401672
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138,890 149,724
138,890 149,724
CURRENT ASSETS
Debtors 5 108,066 175,000
Cash at bank and in hand 53,883 63,925
161,949 238,925
Creditors: Amounts Falling Due Within One Year 6 (88,571 ) (77,649 )
NET CURRENT ASSETS (LIABILITIES) 73,378 161,276
TOTAL ASSETS LESS CURRENT LIABILITIES 212,268 311,000
Creditors: Amounts Falling Due After More Than One Year 7 (99,371 ) (143,451 )
NET ASSETS 112,897 167,549
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 111,897 166,549
SHAREHOLDERS' FUNDS 112,897 167,549
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Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yusuf Kul
Director
20/03/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AKADEMI FINANCIAL SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07401672 . The registered office is 500 White Hart Lane, London, N17 7NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 16)
19 16
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 51,707 76,363 105,874 233,944
Additions - - 15,733 15,733
As at 31 October 2025 51,707 76,363 121,607 249,677
Depreciation
As at 1 November 2024 17,150 17,134 49,936 84,220
Provided during the period 5,183 8,884 12,500 26,567
As at 31 October 2025 22,333 26,018 62,436 110,787
Net Book Value
As at 31 October 2025 29,374 50,345 59,171 138,890
As at 1 November 2024 34,557 59,229 55,938 149,724
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 108,066 175,000
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,472 1,918
Other taxes and social security 78,936 70,594
Other creditors 6,163 5,137
88,571 77,649
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 59,357 87,928
Other creditors 40,014 55,523
99,371 143,451
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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